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Its consolidated revenue from operations during July-September 2021 stood at Rs 3,147.44 crore. It was Rs 2,952.47 crore for the same period a year ago, it added.

The company reported also an all-time high operating profit (earnings before interest, taxes, depreciation and amortisation) of Rs 8,048 crore, up 55.6 per cent year-on-year.

The company has sold 0.58 mn sq. ft valued at Rs259.25 crore in Q2 2021-22 and the major contributors were New Chandigarh, Lucknow and Delhi.

The company has decided to allocate a total of 46,21,757 equity shares to 32 anchor investors at Rs 662 apiece, aggregating the transaction size to Rs 305.96 crore, according to a circular uploaded on the BSE website.

The REIT backed by developer K Raheja Corp and global private equity major Blackstone Group has reported net operating income of Rs 359.2 crore for the quarter, up 6.7 per cent from a year ago.

Grasim’s consolidated revenue for Q2FY22 was up 26 per cent at Rs 22,564 crore. EBITDA was up 19 per cent at Rs 4,282 crore.

Consolidated total revenue from operations stood at Rs 14,076.39 crore as against Rs 14,957.21 crore in the year-ago quarter, it added.

Revenue improved 73 per cent year-on-year to Rs 2,386 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) improved by 207 per cent to Rs 510 crore while the EBITDA margin widened by 931 basis points to 21.4 per cent.

Various factors are pushing the inflation rate upwards. The re-opening of the economies and increased demand is causing supply bottlenecks for various products. This demand-supply mismatch is pushing the prices upwards.

This week, benchmark Nifty50 and BSE-Sensex clocked gains of little over 1 per cent aided by strong buying from retail investors and short-covering by traders. Much of those gains in the market this week came today as the headline indices closed over 1 per cent higher driven by short covering.